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Fixed Costs
Costs that do not fluctuate with the level of production or sales, such as rent, salaries, and insurance premiums.
Variable Costs
Expenses that change in proportion to the level of production or business activity, such as materials, labor, and energy costs.
Process-Focused
An approach emphasizing the importance of processes in achieving a company's objectives, often through continuous improvement and optimization of workflows.
Repetitive Manufacture
A manufacturing process characterized by the continuous production of high volumes of the same product or component.
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